Financial Services Commission, Mauritius’ Post

Mauritius achieves new milestones in the Global Financial Centre Index and Fintech Index The Financial Services Commission, Mauritius is proud to announce that the Mauritius International Financial Centre (IFC) has once again achieved notable advancements in the latest Global Financial Centre Index (GFCI 36) and in its fintech ranking. Read More: https://shorturl.at/py8xH

Public Consultation – New Regulatory Framework for Insurance Aggregators In line with its strategy to sustain the growth of the fintech ecosystem in Mauritius, the Financial Services Commission, Mauritius has launched a Public Consultation process today whereby it is proposing to establish a comprehensive regulatory framework for Insurance Aggregators. This new regulatory framework is expected to give a boost to the insurance sector namely through the involvement of new and innovative operators. Stakeholders of the financial services industry and the public are invited to submit their comments/feedback on the new/proposed regulatory framework by email at fintechconsultation@fscmauritius.org not later than 23 August 2024. Read More: https://rb.gy/hzlo6o

The Financial Services Commission, Mauritius, hosted the International Monetary Fund -International Organization of Securities Commissions (IOSCO) Training Workshop on Cyber Resilience from the 15th to 19th April 2024, at the Regional Centre of Excellence training centre, in Ebène, Mauritius.  Read More.

The Financial Services Commission, Mauritius is pleased to inform stakeholders of the financial services industry and the public that, since the GFCI 34, Mauritius is now ranked 61st (+7 places since GFCI 34) in the GFCI 35, moving up 20 ranks since March 2023 (GFCI 33). Mauritius continues to solidify its position as a leading global financial hub, as evidenced by its impressive performance in the latest GFCI 35 and Fintech index rankings.

FSC issues Consultation Paper on the proposed Regulatory Framework for Peer to Peer (P2P) Insurance. In line with its strategy to sustain the growth of the fintech ecosystem in Mauritius, the Financial Services Commission, Mauritius is issuing a Consultation Paper in view of establishing a comprehensive regulatory framework for P2P Insurance. P2P Insurance is a type of risk sharing model which enables persons to form communities of peers with common interests in order to protect themselves against losses. Stakeholders of the financial services industry and the public are therefore invited to submit their comments/feedback on the proposals made in the Consultation Paper by email at fintechconsultation@fscmauritius.org not later than 19 April 2024.  Read More: https://shorturl.at/syHU7

The Financial Services Commission, Mauritius has issued a Consultation Paper on “Decentralised Finance (DeFI): Regulatory Considerations on Financial Collaterals” for public consultation. Stakeholders of the financial services industry and the public are accordingly invited to submit their comments/feedback on the Consultation Paper by email at fintechconsultation@fscmauritius.org not later than 15 March 2024. Further details of the Consultation Paper are available at the following link: https://shorturl.at/pzEK7

The Financial Services Commission, Mauritius issues a new regulatory framework for Spot Commodity Market and Intermediaries.   Some salient features of this new regulatory framework are as follows: (i) Fast-track application process for existing licensees operating under the Securities Act; (ii) Spot Commodity Market may be enabled by innovative emerging technologies, such as distributed ledger technology; (iii) Spot trading, clearing, brokerage or advisory services for energy or environmentally-linked financial instruments deemed as carbon offsets, are also possible. Read More: https://shorturl.at/bvxPY Full details are available by clicking on the links below: - Financial Services (Spot Commodity Market and Intermediaries) Rules 2024, Read More: https://shorturl.at/hKR69 - Financial Services (Consolidated Licensing and Fees) (Amendment No. 2) Rules 2024, Read More: https://shorturl.at/hnDGL - Financial Services (Amendment of Schedule) Regulation 2024, Read More: https://shorturl.at/elvwI

FSC joins the Network for Greening the Financial System (‘NGFS’)   The Financial Services Commission, Mauritius is pleased to announce its admission as a plenary member of the NGFS, effective from 27 December 2023.   The NGFS consists of a select group of central banks and financial supervisors that are involved, on a voluntary basis, in exchanging experiences, sharing best practices, contributing to the development of environment and climate risk management in the financial sector, and mobilising mainstream finance to support the transition towards a sustainable economy. Read More: https://shorturl.at/nrt23 #financialservices #NGFS #MIFC

The Financial Services Commission, Mauritius informs stakeholders of the financial services industry and the public that the Guidelines on Cloud Computing Services has been issued and is in force as from 30 November 2023. Read more: https://rb.gy/pyg3u0 #financialservices #cloudcomputingservices #MIFC

Mauritius secures a prominent position in the Z/Yen Smart City Index 8 The Financial Services Commission, Mauritius is pleased to announce that Mauritius has been featured in the Smart City Index (SCI) 8, issued by the Z/Yen. Mauritius entered the SCI for the first time in 63rd place, with a rating of 649 points. Read More: https://lnkd.in/d6A3pbaY #financialservices #SCI #MIFC